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REGISTERED NUMBER: SC740332 (Scotland)




















Edinburgh Restaurant Two (Edinburgh) Ltd

Unaudited Financial Statements

for the Period 4 August 2022 to 31 August 2023






Edinburgh Restaurant Two (Edinburgh) Ltd (Registered number: SC740332)






Contents of the Financial Statements
for the Period 4 August 2022 to 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Edinburgh Restaurant Two (Edinburgh) Ltd

Company Information
for the Period 4 August 2022 to 31 August 2023







DIRECTORS: B Radford
L A Radford



REGISTERED OFFICE: 1 Montrose Terrace
Edinburgh
EH7 5DJ



REGISTERED NUMBER: SC740332 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Monzo
Broadwalk House
5 Appold Street
London
EC2A 2AG

Edinburgh Restaurant Two (Edinburgh) Ltd (Registered number: SC740332)

Balance Sheet
31 August 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 49,967

CURRENT ASSETS
Stocks 715
Debtors 5 14,211
Cash at bank 252
15,178
CREDITORS
Amounts falling due within one year 6 94,763
NET CURRENT LIABILITIES (79,585 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(29,618

)

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (29,718 )
(29,618 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Edinburgh Restaurant Two (Edinburgh) Ltd (Registered number: SC740332)

Balance Sheet - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by:





L A Radford - Director


Edinburgh Restaurant Two (Edinburgh) Ltd (Registered number: SC740332)

Notes to the Financial Statements
for the Period 4 August 2022 to 31 August 2023

1. STATUTORY INFORMATION

Edinburgh Restaurant Two (Edinburgh) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery etc - 25% on cost

As some assets are under construction depreciation will not be charged until the company starts trading

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value.

All loans with related parties are all repayable on demand.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Edinburgh Restaurant Two (Edinburgh) Ltd (Registered number: SC740332)

Notes to the Financial Statements - continued
for the Period 4 August 2022 to 31 August 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is
probable the company will be required to settle the obligations, and a reliable estimate can be made of
the obligations. The amount recognised as a provision is the best estimate of the consideration required
to settle the present obligation at the end of the reporting period, taking into account the risks and
uncertainties surrounding the obligation.

Going concern
The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade in the foreseeable future. In order to do so the company will require the continued support from its directors and its related company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 46,365 3,602 49,967
At 31 August 2023 46,365 3,602 49,967
NET BOOK VALUE
At 31 August 2023 46,365 3,602 49,967

Edinburgh Restaurant Two (Edinburgh) Ltd (Registered number: SC740332)

Notes to the Financial Statements - continued
for the Period 4 August 2022 to 31 August 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 14,211

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 857
Other creditors 93,906
94,763

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 19,800